Hyundai

Hyundai Motor sold a total of 340,534 vehicles in June, down from 356,631 units a year earlier, the company said in a statement. Domestic sales fell 13 percent to 59,510 units from 68,407 during the period, while overseas sales declined 2.5 percent to 281,024 from 288,224, reports Yonhap news agency. From January to June, sales dropped 7.6 per cent to 1,877,193 autos from 2,031,185 units during the same period of last year.

The new affiliate, tentatively named HMG Global, will be established in Delaware state in the US and funded by Hyundai's three flagship arms -- Hyundai Motor, Kia and Hyundai Mobis, according to regulatory filings posted by the companies.Hyundai Motor and its smaller affiliate Kia will together inject a combined $578 million in the new American unit, reports Yonhap news agency.

As per the export data released by SIAM, Maruti Suzuki had shipped out 18,216 units (17,131 units in April 2021) while Hyundai Motors exported 12,200 units last month (10,201 units).

Hyundai Motor's sales fell 12 per cent to 308,788 vehicles from 349,184 units a year earlier, while Kia's declined 5.8 per cent to 238,538 from 253,287 during the same period, reports Yonhap News Agency.

Besides, the automobile major expects healthy demand to sustain during the initial phase of next year. In conversation with IANS, Hyundai Motor India's Director Sales and Marketing Tarun Garg said though it is hard to give a timeline for normal supply of semiconductors, however, the shortages have eased. "Semiconductor and input cost issues are global in nature but things are getting better. "

High fuel cost and longer waiting periods also dampened the sales momentum. In terms of sales, auto major Maruti Suzuki India's October total sales fell over 24 per cent to 138,335 units in October 2021 from 182,448 units sold during the corresponding period of last year. Besides, the company's total domestic sales including passenger and commercial vehicles in addition to off-take by other OEMs fell during the month under review.

All-electric and hydrogen fuel-cell electric vehicles currently account for a mere 1.5 per cent of Hyundai's global sales and it initially aims to raise the ratio to 30 per cent by 2030, reports Yonhap News Agency. To achieve the aim, Hyundai said it will gradually replace its product lineup sold in Europe with hydrogen or battery-powered models by 2035 and in other major markets by 2040.

Notably, the company is observing 2021 as its 25th year of commencing operations in India. "Hyundai Motor India has invested over $4 billion in India and has 17 regional offices and 2,449 customer touchpoints across India." On Tuesday, the automaker inaugurated its new state-of-the-art corporate Headquarters in Gurugram.

The company's cumulative sales rose to 54,474 units last month from 26,820 units sold during June 2020, the company said. On a sequential basis, the company had cumulatively sold 30,703 units in May 2021. Geography-wise, the domestic sales rose to 40,496 units from 21,320 units reported for the corresponding period of last year.

Automobile manufacturer Hyundai Motor India's cumulative sales during April stood at 59,203 units. Accordingly, the company sold 49,002 units in the domestic market during the month under review. It shipped out 10,201 units to foreign countries last month.